Yesterday, South Korean software giant Hancom entered a partnership with Shinhan DS, the IT services unit of Shinhan Bank, to build a blockchain-based digital asset management platform.
Shinhan Bank is the second-largest commercial bank in South Korea, with a market capitalisation of $14.5 billion. As of 2018, it had total assets of KRW 459.6 trillion ($381 billion).
Meanwhile, Hancom is known for its office suite software and has published the Hangul Office word processing application. It is popular in the country since it supports the Korean language.
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